Ascent Resources (LON:AST) Sets New 1-Year Low – Should You Sell?

Ascent Resources Plc (LON:ASTGet Free Report)’s share price reached a new 52-week low on Friday . The company traded as low as GBX 1.50 ($0.02) and last traded at GBX 1.50 ($0.02), with a volume of 82117 shares changing hands. The stock had previously closed at GBX 1.55 ($0.02).

Ascent Resources Price Performance

The firm has a market cap of £3.69 million, a P/E ratio of -1.42 and a beta of 0.01. The business’s fifty day simple moving average is GBX 1.67 and its 200-day simple moving average is GBX 1.80. The company has a current ratio of 0.39, a quick ratio of 0.24 and a debt-to-equity ratio of 1.37.

About Ascent Resources

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Ascent Resources Plc, together with its subsidiaries, operates as an independent oil and gas exploration and production company in Slovenia and the United Kingdom. It holds 75% interest in the Petiovci Tight gas project located in Slovenia. The company was incorporated in 2004 and is headquartered in London, the United Kingdom.

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